Dogecoin Rebounds from Wednesday’s Drop, Meme Coin has moved away from critical support levels. The price has been hovering around his two-month lows for the past few days, and today’s surge has brought optimism to the rest of the bulls. Litecoin is also higher as the token remains near his one-week high.
Dogecoin (DOGE)
Dogecoin (DOGE) rose on Thursday. Meme Coin has bounced back from recent lows.
Following Wednesday’s low of $0.07283, DOGE/USD raced to an intraday peak of $0.07736 early in today’s session.
This move comes as the price moves higher following its recent collision with the $0.0715 support point.
chart, today’s move was when the 14-day Relative Strength Index (RSI) surged. occurs in On the ceiling at 40.00.
Since this time, the previous gains have faded somewhat, with the meme coin trading at $0.07657 at the time of writing.
If price strength rises above this threshold, DOGE could rise to a ceiling near $0.0800.
Litecoin (LTC)
Litecoin (LTC) also rose Thursday, token near his one-week high continued to be traded at
LTC/USD peaked at $66.51 early in today’s session. This is less than a day after a low of $65.09.
Today’s high is just below Tuesday’s high of $66.90, withLTC hitting its highest since last Friday.
chart, despite the 10 day (red) move , there is movement The Mean (MA) has recently extended a downward cross with the 25th (blue) MA.
At the time of writing, the RSI is tracking 39.67, which is below the next visible resistance at 45.00. The
bull is likely to target this point andLTC could break above his $70.00 price point.
SUBSCRIBE HERE FOR WEEKLY PRICE ANALYSIS UPDATES IN YOUR INBOX:
IMAGE CREDITS: Shutterstock, Pixabay, Wiki Commons